ATLANTA – Herman Cain might be out of the running as a Republican presidential candidate, but his voice still carries weight with his many loyal supporters. Since he bowed out of the race Saturday , there has been much speculation on who he would endorse.

Sources tell FOX 5 News that Herman Cain plans to endorse fellow Georgian Newt Gingrich on Monday. They say details of a formal announcement are still being worked out.

A spokesperson with the Gingrich campaign said there is a 2 p.m. press conference in New York, which would follow a meeting with Donald Trump.

Voters will start the process of picking the next GOP presidential candidate in Iowa on January 2nd, and the first primary vote will take place in New Hampshire on January 10th.

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The anticipated announcement comes just one week after the FOX 5 I-Team broke news of a Georgia woman’s alleged affair with Cain . In an exclusive interview with senior I-Team reporter Dale Russell, Ginger White of Dunwoody claimed she had a 13-year-long affair with Cain . Cain has since said he knows White, but he has denied that the two had an affair.